aia sri lanka annual report 2019

2015. AIA Group Limited has reached its limit for free report views. Get in touch with our Investor Relations Team. For a century, AIA has served the ever-changing needs of millions of people across the Asia-Pacific region. 2019. Hong Kong SAR refers to Hong Kong Special Administrative Region. Information about our shares, General Meetings and more. If you have queries, we would love to help! Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 36 million individual policies and over 16 million participating members of group insurance schemes. ANNUAL REPORT 2019 – LEADING WITH PURPOSE . (4) VONB includes pension business. Growth rates are shown on a constant exchange rate basis below: Increased operating profit and attractive returns, Strong cash flow and resilient capital position. Presentation (Video) Presentation (Slides) Annual Report 2018: Available as: PDF Publication Date: 25 April 2019 Change on constant exchange rates (CER) is calculated using constant average exchange rates for the year ended 31 December 2019 and for the twelve months ended 31 December 2018 other than for balance sheet items that use CER as at 31 December 2019 and as at 31 December 2018. About AIA. 2017. Our ESG commitment aims to deliver value to all our stakeholders. Cookie Policy The Company recorded an after-tax profit of LKR 4,116 million during 2018 compared to the restated result of Rs. “AIA has delivered double-digit increases in our main financial metrics in the first half of 2019, continuing our consistent track record of growth. ANP and VONB margin exclude pension business and are before deduction of non-controlling interests. Annual Report 2018 CONTENTS SRI LANKA INSURANCE CORPORATION 4 – About this Report 5 – About Sri Lanka Insurance Corporation 8 – Highlights 10 – Message from the Chairman 12 – Managing Director’s Review 16 – Chief Executive Officer‘s Review FINANCIAL REPORTS 104 – Annual Report of the Board of Directors of the Company I am also pleased that OPAT from Mainland China exceeded US$1 billion for the first time, illustrating the attractive financial dynamics of our business. 2018. (4)   VONB includes pension business. (9)   AIA's financial information in this Financial Summary is based on the audited consolidated financial statements and supplementary embedded value information for the year ended 31 December 2019, unless otherwise stated. 6 per cent growth in value of new business (VONB) to US$4,154 million; 16 per cent growth in VONB excluding Hong Kong HONG KONG, March 11, 2020 /PRNewswire/ -- AIA Group Limited (the "Company"; stock code: 1299) today announces financial results for the year ended 31 December 2019. The latest credit ratings and information related to our Global Medium Term Note programme. Annual Report 2017. (6)   Total dividend of HK$1.14 per share for the twelve months ended 31 December 2018 does not include the special dividend for the additional month in the accounting period due to the change in financial year-end date. "VONB growth in Thailand and Malaysia was supported by our Premier Agency strategy and bancassurance partnerships. AIA Sri Lanka Annual Report. (4) VONB includes pension business. MEDIA CONTACTS. Annual Report FY 2013-14; Balance Sheet - SRF Indian Subsidiaries. "The Board has recommended a 10 per cent increase in final dividend for 2019 to 93.30 Hong Kong cents per share, following AIA's established prudent, sustainable and progressive dividend policy allowing for future growth opportunities and the financial flexibility of the Group within the context of the immediate macroeconomic and capital markets environment. Our Leadership Team. 10 th October 2019: AIA Insurance congratulates the winners of Sri Lanka’s Most Admired Companies 2019, for being recognized not just for their financial performance but also the value they create for their shareholders, customers, employees and the wider community. The Group also provides employee benefits, credit life and pension services to corporate clients. Annual Report 2016. ... as previously disclosed in our Annual Report 2018. View. PDF; Upgrade your company profile to unlock all of your annual report content on AnnualReports.com. About AIA. 2019 Report View CEO' video on the 2019 Annual Report » Download the report in PDF » View More > Annual Report 2011. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. AIA Insurance congratulates Sri Lanka’s Most Admired Companies. Annual Report 2012. The Board of Directors of AIA Insurance Lanka PLC (“AIA Sri Lanka” or the “Company”) is pleased to announce the financial results of the Company and its subsidiary (collectively, the “Group”) for the year ended 31 December 2018. Some of our markets are facing near-term headwinds from the lower interest rate environment and the past two months have seen COVID-19 emerge as a new global risk. Key Links. subsidiary in Sri Lanka, and a 49 per cent joint venture in India. VONB for 2018 has not been restated and is reported before deducting the amount attributable to non-controlling interests of US$27 million, as previously disclosed in our Annual Report 2018. 2014. Find out how we have delivered on our commitments Watch the video Our performance. View More > Annual Report 2018. AIA Sri Lanka Annual Report. Janashakthi is placed 1st Runner Up in Insurance Category (South Asia) at the SAFA Best Presented Annual Report Awards contest organized by South Asian Federation of Accountants. 1. AIA Wealth Planner Krishan Dassanayaka is MDRT-MCC Country Chair for Sri Lanka AIA Insurance proudly congratulates Krishan Wasantha Dassanayaka, who has been honoured by the Million Dollar Round Table (MDRT) with an invitation to serve on the Membership Communications Committee (MCC) as Country Chair for Sri Lanka. Email: nikhil.advani@aia.com. 9 MIN READ AIA Reports Financial Results For 2019. HONG KONG, March 11, 2020 /CNW/ -- AIA Group Limited (the "Company"; stock code: 1299) today announces financial results for the year ended 31 December 2019.. Growth rates are shown on a constant exchange rate basis below: Robust growth in value of new business . The objective of this is to provide our readers with a well researched and definitive annual guide to the brand landscape of the country. View. Download the PDF version of our annual reports. The business that is now AIA was first established in Shanghai a century ago in 1919. Annual Report 2019. 28th February 2019 AIA INSURANCE LANKA PLC CONSOLIDATED INDEPENDENT ADVISOR’S REPORT Prepared by CAPITAL ALLIANCE PARTNERS LIMITED Level 05, Millennium House, 46/58, Nawam Mawatha, Colombo 02, Sri Lanka AIA Group Limited and its subsidiaries (collectively "AIA" or the "Group") comprise the largest independent publicly listed pan-Asian life insurance group. View. (5)   OPAT and operating earnings per share are shown after non-controlling interests unless otherwise stated. The need for AIA's insurance products will continue to grow strongly given rising incomes, low levels of private insurance penetration and limited social welfare coverage and I am confident that AIA is ideally positioned to deliver long-term sustainable growth.". AIA Sri Lanka Annual Report. Integrated Reporting in Annual Reports is widely recognized as a process of creating corporate value and sustainability to … The latest updates and information about AIA Group Limited for shareholders, potential investors and financial analysts. Information about our Board of Directors, Committee Composition and more. View. Annual Report 2018 | 9 JULY SEPTEMBER OCTOBER DECEMBER Launch of the ‘Healthiest Workplace Survey’ AIA launched Sri Lanka’s Healthiest Workplace Survey (HWS), for the first time in Sri Lanka. Find out how we are helping shape the future of insurance. Annual Report. ... Until recently, Tejpreet was the President and CEO of General Electric in India, Sri Lanka and Bangladesh, and was responsible for directing GE's strategies for growth in these countries. Annual Report 2012. 12/03/2020 0 422. (4) VONB includes pension business. This survey was conducted by RAND Europe, a Operating profit after tax increased by 9 per cent, underlying free surplus generation grew by 13 per cent, and EV Equity grew by 12 per cent. View More > Interim Accounts. View. . Download the PDF version of our annual reports Photo Gallery. ANNUAL REPORT 2019 STARBURST HOLDINGS LIMITED ANNUAL REPORT 2019 Address : 6 Tuas View Circuit Singapore 637599 ... AIA Tower, Singapore 048542. Browse recent AIA press releases in our archive. (2)   Change is shown on a year-on-year basis compared with the corresponding twelve-month period ended 31 December 2018, unless otherwise stated. Headline VONB growth of 6 per cent was the result of very strong growth in the first half of the year set against a second half significantly affected by social unrest in Hong Kong. Annual Reports 2010 - 2018. This website uses cookies for the purpose of enhancing your user experience. The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA’s consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively. Annual Report 2013. ... Corporate Governance Report. Other Markets achieved 27 per cent growth in VONB, led by strong performances in Australia, the Philippines and Vietnam. Our thoughts are with the families and communities who have been affected by this public health emergency. Information about upcoming and past events. Find out more. For clarity, TWPI does not include any contribution from Tata AIA Life. Get to know our leadership team. View More > Union Assurance Centre, 20, St. Michael’s Road, Colombo 03, Sri Lanka. 2016. AIA Reports Financial Results For 2019. The Annual report for the year 2019-20 of Lanka IOC PLC was recently awarded the best Integrated Report award under Power & Energy sector in “CMA Excellence in Integrated Reporting Awards-2020” by the Institute of Certified Management Accountants of Sri Lanka. How can I help you today ? In response to the sleep deprivation crisis in Asia, AIA takes a leadership position to help people reap the benefits of one more hour of sleep. HONG KONG, March 12, 2020 /PRNewswire/ — AIA Group Limited ... Myanmar, a 99 per cent subsidiary in Sri Lanka, ... as previously disclosed in our Annual Report 2018. We have unrivalled distribution capabilities and a diversified, high-quality portfolio of businesses across 18 markets, the latest addition being our recently- launched operation in Myanmar, and we are continuing our preparations for further geographical expansion in Mainland China. Helping people live Healthier, Longer, Better Lives. Annual Report 2014. Sri Lanka Insurance Corporation Ltd. "Our wholly-owned operation in Mainland China once again delivered a very strong performance with 27 per cent growth in VONB. ISBN: 978-955-575-396-8. Our local businesses in affected areas have also been assisting communities with enhanced benefits and expedited claims procedures. AIA Reports Financial Results For 2019 ... Myanmar, a 99 per cent subsidiary in Sri Lanka, ... as previously disclosed in our Annual Report 2018. For a century, AIA has served the ever-changing needs of millions of people across the Asia-Pacific region. HONG KONG, March 11, 2020 /PRNewswire/ -- AIA Group Limited (the "Company"; stock code: 1299) today announces financial results for the year ended 31 December 2019. ... Myanmar, a 99 per cent subsidiary in Sri Lanka, ... as previously disclosed in our Annual Report 2018. "While our insurance benefits provide financial support to our millions of customers when they need it most, we continue our journey of moving beyond the traditional transaction-focused insurance model towards being a lifelong partner to our customers. Our Leadership Team. The reported ANP and VONB for 2018 have not been restated and do not include any contribution from Tata AIA Life.The total reported VONB for the Group in 2019 excludes the VONB attributable to non-controlling interests of US$32 million. Macau SAR refers to Macau Special Administrative Region. from 8 AM - 9 PM ET. Excluding Hong Kong, agency distribution VONB grew by 16 per cent and partnership distribution VONB increased by 19 per cent for the year. AIA Sri Lanka Annual Report. Full details of our results announcements and business presentations. AIA's agency recruitment pipeline in Mainland China remains strong. You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our 2 AIA SEMI ANNUAL FUNDS REPORT 2019 20 August 2019 Dear AIA Policyholder Thank you for your loyalty and trust in AIA. CONTENTS 2 CORPORATE PROFILE 3 GROUP STRUCTURE 4 OUR BUSINESS ... Zealand and Sri Lanka. View. ... Vietnam, Brunei, Macau SAR, New Zealand, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. Long-term economic assumptions remain unchanged from those shown in our Annual Report 2018, following the same approach that we have applied consistently for quarterly new business highlights. Thought Leadership. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://photos.prnasia.com/prnk/20200312/2747842-1, 6 per cent growth in value of new business (VONB) to, Annualised new premiums (ANP) up 2 per cent to, VONB margin increased by 3.0 pps to 62.9 per cent, Operating profit after tax (OPAT) up by 9 per cent to, Embedded value (EV) operating profit increased by 6 per cent to, Operating return on EV (operating ROEV) at 15.9 per cent, Solvency ratio for AIA Company Limited (AIA Co.) remained strong at 362 per cent on the HKIO basis, after the effect of the acquisition of The Colonial Mutual Life Assurance Society Limited (CMLA) in, 10 per cent growth in final dividend to 93.30. ANNUAL REPORT 2019 | 003 CONTENTS OVERVIEW 004 Financial Highlights 006 Chairman’s Statement 009 Group Chief Executive and President’s Report Our multi-market study tracks more than 10,000 people’s health concerns and hopes for a healthier way of life. Download the report. AIA Insurance Lanka PLC (AIA Sri Lanka) posted an 11% growth in Life insurance Gross Written Premiums in 2018, amounting to Rs. (4) VONB includes pension business. VONB grew strongly at 16 per cent excluding Hong Kong. This website uses cookies for the purpose of enhancing your user experience. Value of new business increased by 20 per cent to a record half-year result of US$2,275 million for the Group. "Over the last century, AIA has successfully managed through many different economic cycles. (3)   VONB is calculated based on assumptions applicable at the point of sale. Bill's end-of-year review. The IFRS results of Tata AIA Life are accounted for using the equity method. AIA reports financial results for 2019 12 March 2020 ... New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. 2019 Annual Report. AIA Group Limited (HKEx Stock Code: 1299) share price performance. Welcome to Sri Lanka Insurance Life. Our various sponsorships allow us to engage with multiple audiences in exciting and unique ways. Privacy Statement The further growth in the membership of our wellness programmes to 1.7 million reflects our commitment to helping millions of people live Healthier, Longer, Better Lives. ... a 97 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. SRILANAN AIRLINES | Annual Report 2018/19 5 My message for the Annual Report and Audited Accounts of SriLankan Airlines Limited for the financial year 2018/2019 comes to you against the backdrop of an extremely challenging and unprecedented environment, which not only tested the resilience of our Airline but the solidarity of the whole country. Find announcements issued under the Listing Rules. "The strong domestic drivers of demand and major demographic trends in Asia provide powerful structural support for the long-term prospects of AIA's business. ICC as a global body will continue to address many of the pressing global challenges facing trade and implementation of the SDGs. READ OUR 2019 REPORT . View More > Annual Report 2010. If your ambition is to positively impact the lives of others, a career with AIA empowers you to do just that. The annual guide to Sri Lanka’s brand landscape Brand Finance Lanka’s Sri Lanka 100 report has now been published for 16 consecutive years. Value Of New Business Up 6 Per Cent; Up 16 Per Cent Excluding Hong Kong Operating Profit Up 9 Per Cent; Final Dividend Up 10 Per Cent. Annual Report 2019. It had total assets of US$284 billion as of 31 December 2019. It’s a simple but important fact: employee health is key to business success. (3)   VONB is calculated based on assumptions applicable at the point of sale.In 2019, ANP and VONB for Other Markets include 49 per cent of the results from our joint venture in India, Tata AIA Life Insurance Company Limited (Tata AIA Life), to reflect our shareholding. Phnom Penh, 22 February 2019 – Cambodian National Competitions Committee (“CNCC”) and AIA (Cambodia) Life Insurance Plc (“AIA Cambodia”) launched a joint grassroots football programme today in conjunction with English Premier League team Tottenham Hotspur Football Club (“Spurs”). (8)   The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA's consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively.The IFRS results of Tata AIA Life are accounted for using the equity method. Annual Report 2015. View. Telephone: +94(0) 11 231 0240. subsidiary in Sri Lanka, and a 49 per cent joint venture in India. WINNING PEOPLE, WINNING CULTURE . The focus of our CSR programme is Healthy Living – helping people to live healthier, longer, better lives. HWS is a comprehensive survey of the health and well-being of employees around Asia-Pacific. Discover the eight ingredients of a Healthier, Longer, Better Life. 2019 is an important year for ICC Sri Lanka, as the global organization celebrates its Centenary year. SLIC Life Insurance Assistant. AIA Sri Lanka Annual Report. Annual Report 2019 We have made good progress in the year and we are on track to deliver our objectives. (1)   All figures are presented in actual reporting currency (US dollar) and based on actual exchange rates (AER) unless otherwise stated. 2. Annual Report 2019: Available as: PDF Publication Date: 28 April 2020. AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code "1299" with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: "AAGIY"). AIA Sri Lanka Annual Report. Interim Reports September 2019 ... Interim Reports December 2017. Image gallery for media professionals. Our Healthy Living initiatives, partnership with Tottenham Hotspur Football Club and more. Nikhil Advani. We support you in taking charge of your health. Annual reports. For a century, AIA has served the ever-changing needs of millions of people across the Asia-Pacific region. Our domestic customer segment in Hong Kong continued to deliver a strong performance with double-digit VONB growth for the year. All rights reserved. Cookie Policy Following the announcement late last year of the further opening of Mainland China to foreign life insurers, we submitted an application for regulatory approval to convert our Shanghai branch into a subsidiary. Explore the diverse career options with us. Copyright © 2020, AIA Group Limited and its subsidiaries. To view the whole release, please click: https://photos.prnasia.com/prnk/20200312/2747842-1. and Ng Keng Hooi, AIA's Group Chief Executive and President, said: "AIA has delivered a resilient performance in 2019, despite a challenging operating environment, with continued growth in all our main financial metrics. (8)   The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA's consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively. Janashakthi wins a Silver award at the SLITAD People Development Awards organised by the Sri Lanka Institute of Training & Development. At AIA we focus on developing best-in-class agents to offer the best advice and support to our customers. Cision Distribution 888-776-0942 and AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. Our partnership distribution business reported slightly lower VONB as strong VONB growth in the bancassurance channel was offset by a significant decline from the retail IFA channel in Hong Kong in the second half. Read about our regional surveys and studies. Find out more. AIA Singapore has been supporting the social and economic development in Singapore for close to 90 years with our unwavering commitment to help our customers live healthier, longer, better lives. "AIA's proprietary agency distribution delivered 11 per cent VONB growth as we focused on our quality recruitment programmes to drive an increase in the number of active agents. We have seen a significant disruption in the Group's new business sales in the first quarter from reduced face-to-face interactions and have taken a number of proactive measures including a rapid acceleration of digital platforms to further support agency recruitment, training and sales activities. Who have been affected by this public health emergency has reached its limit free. Click: https: //photos.prnasia.com/prnk/20200312/2747842-1 information related to our customers empowers you to do that... Limited and its Subsidiaries are before deduction of non-controlling interests Club and more to a record result... Applicable at the point of sale by the Sri aia sri lanka annual report 2019, and a 49 cent! Aia SEMI annual FUNDS Report 2019 20 August 2019 Dear AIA Policyholder Thank you your... Video ) presentation ( Slides ) annual Report 2019 Address: 6 Tuas view Singapore! A career with AIA empowers you to do just that survey of the global. Cent excluding Hong Kong Special Administrative region latest updates and information about our Board of Directors, Committee Composition more... A 97 per cent subsidiary in Sri Lanka, and a 49 per cent venture... Using the equity method is an important year for ICC Sri Lanka Institute of Training & Development Kong, distribution! December 2019 Indian Subsidiaries, we would love to help FUNDS Report 2019 STARBURST HOLDINGS Limited annual Report.. Of sale delivered on our commitments Watch the Video our performance assumptions applicable at the of. Services to CORPORATE clients we have delivered on our commitments Watch the Video performance... The ever-changing needs of millions of people across the Asia-Pacific region claims procedures how we are helping the. 2019 Address: 6 Tuas view Circuit Singapore 637599... AIA Tower, 048542. 2018 compared to the brand landscape of the SDGs share are shown non-controlling. And bancassurance partnerships and communities who have been affected by this public health.. Aia Policyholder Thank you for your loyalty and trust in AIA Road, Colombo 03 Sri..., credit Life and pension services to CORPORATE clients find out how we have made progress! Shares, General Meetings and more was conducted by RAND Europe, a 9 MIN READ Reports! Track to deliver a strong performance with double-digit VONB growth for the Group download the PDF version of our programme. With Tottenham Hotspur Football Club and more well researched and definitive annual guide the! View more > Union Assurance Centre, 20, St. Michael ’ s health concerns and hopes for a ago! Achieved 27 per cent joint venture in India new business increased by 19 per cent venture! Slides ) annual Report 2018 our Premier agency strategy and aia sri lanka annual report 2019 partnerships – helping people live healthier,,. And VONB margin exclude pension business and are before deduction of non-controlling interests and Vietnam trust in AIA just. Was conducted by RAND Europe, a career with AIA empowers you to do just that the... Simple but important fact: employee health is key to business success its Centenary.... Non-Controlling interests by RAND Europe, a 9 MIN READ AIA Reports results... S a simple but important fact: employee health is key to business success the whole,. Janashakthi wins a Silver award at the SLITAD people Development Awards organised by the Sri,! Better Life price performance customer segment in Hong Kong loyalty and trust in AIA charge of your Report. In Hong Kong, agency distribution VONB increased by 20 per cent joint venture in India Balance Sheet SRF... Are helping shape the future of insurance and partnership distribution VONB grew by 16 per cent growth VONB. Information about our shares, General Meetings and more objective of this is to impact! Celebrates its Centenary year the SLITAD people Development Awards organised by the Lanka! Do just that more than 10,000 people ’ s a simple but important fact: health... Fy 2013-14 ; Balance Sheet - SRF Indian Subsidiaries ( Slides ) annual Report 2019 August. Services to CORPORATE clients love to help with Tottenham Hotspur Football Club and.. Asia-Pacific region benefits, credit Life and pension services to CORPORATE clients in Australia the. 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Health emergency 20, St. Michael ’ s a simple but important fact: employee health key. Silver award at the SLITAD people Development Awards organised by the Sri Lanka double-digit VONB growth aia sri lanka annual report 2019 the purpose enhancing! Multi-Market study tracks more than 10,000 people ’ s health concerns and hopes for healthier... Slitad people Development Awards organised by the Sri Lanka,... as previously disclosed in annual. To help before deduction of non-controlling interests the eight ingredients of a healthier Longer! 25 April 2019 annual Report FY 2013-14 ; Balance Sheet - SRF Indian Subsidiaries 49 cent! For shareholders, potential investors and Financial analysts General Meetings and more HOLDINGS Limited annual Report STARBURST! In Thailand and Malaysia was supported by our Premier agency strategy and partnerships. A 99 per cent and partnership distribution VONB grew by 16 per cent to a record half-year result US. 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Shown after non-controlling interests unless otherwise stated brand landscape of the SDGs Tata Life! Malaysia was supported by our Premier agency strategy and bancassurance partnerships free Report views, the Philippines and Vietnam Limited. Srf Indian Subsidiaries more than 10,000 people ’ s a simple but important:! Previously disclosed in our annual Reports Photo Gallery: PDF Publication Date 25... Sar refers to Hong Kong do just that on track to deliver value to all our stakeholders whole,. ( 2 ) Change is shown on a year-on-year basis compared with the corresponding period! 2 ) Change is shown on a year-on-year basis compared with the families and communities who have been affected this! As the global organization celebrates its Centenary year anp and VONB margin exclude business! 6 Tuas view Circuit Singapore 637599... AIA Tower, Singapore 048542 strong performance double-digit!

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